NowVertical Group Inc. has appointed Andre Garber, its Chief Development Officer and co-founder, as interim CEO following the departure of former CEO Sandeep Mendiratta. The board is actively searching for a permanent CEO with expertise in enterprise data and AI transformation to lead the company through its next growth phase. Garber will be supported by a strong senior leadership team as NowVertical continues to capitalize on growing demand for AI-driven data solutions globally. This leadership change aims to maintain business momentum and support strategic growth and M&A integration.
IBM reported it has struggled to keep up with a shift in corporate spending from software to data-center infrastructure, forecasting second-quarter earnings below analyst estimates. The company cited a significant reprioritization of capital expendit...
IBM shares dropped over 23% following its Q2 earnings report, which showed profits and revenue below analyst expectations. CEO Arvind Krishna highlighted that the company's mainframe business, particularly the Z series with AI capabilities, underperf...
Analyst Krzysztof Bogdanski initiates a Buy rating on ServiceNow, highlighting its attractive valuation at 26x forward earnings, robust subscription revenue growth of 21%, and a high 97% renewal rate. The company is accelerating AI monetization, with...
Micron reported impressive earnings and optimistic guidance, but its stock fell sharply due to concerns that its 86% gross margins and AI-driven memory price increases are unsustainable. The AI hardware sector, after rapid gains, is seeing profit-tak...
